Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-coded STB) has lately announced its business performance for 2011 whereby the lender's revenue in 2011 was mainly from net interest income (in the fourth quarter of 2011, it was 1.53 trillion dong and 5.496 trillion dong for the whole year, rising 71 percent on year).

HCMC, 20/12/2011:Saigon Thuong Tin Commercial Joint-Stock Bank (Sacombank) and Credit Suisse (Singapore) Limited – a  leading global financial institution - today signed a Memorandum of Understanding to strengthen their competitiveness and promote mutual interests in banking areas. Representatives for Sacombank included Mr Dang Van Thanh – Chairman and Mr Tran Xuan Huy – CEO. On the other side, Mr Le Hoai Anh – Managing Director, Asia Pacific, represented Credit Suisse.

This is to inform you that the Saigon Thuong Tin Commercial Joint Stock Bank shall list and trade additional shares on the Hochiminh Stock Exchange as follows:

05th October 2011, Cambodia: Sai Gon Thuong Tin Commercial Join Stock Bank  (Sacombank) announces the opening of the 100% foreign-owned Sacombank Cambodia Plc in Cambodia. The new bank has received approval from the National Bank of Cambodia and supported by the State Bank of Vietnam. This is an important milestone that opens a new era in regional business development and expansion of Sacombank in Indochina. It also contributes to an increase in cross-border trade between Vietnam and its neighboring countries.